ACN (TSX-V)
TORONTO, June 16, 2015 /CNW/ - Asher Resources
Corporation (the "Company") is pleased to provide the following
update with regard to corporate initiatives and its mineral
projects in Nevada U.S.A and
B.C Canada which remain in good
standing.
As at the first fiscal quarter ended March 31, 2015, Asher had a cash and receivables
of approximately $800,000.
During the year, the Company has reduced overall expenses and
has been successful in deferring option payments on both
properties.
At the Company's Lavington Claim project in B.C., Asher intends
to advance the project with further field work and mapping. This is
expected to occur late summer or early fall of 2015.
In Nevada, Asher is currently
looking to advance its King Mine project with a possible joint
venture partnership and/or a corporate transaction. However, at
this time there is no assurance a transaction will materialize.
In addition to the above, Asher is also assessing this and other
opportunities to maximize shareholder value.
About Asher Resources:
Asher Resources Corporation is a gold exploration company
headquartered in Toronto, Ontario,
with a regional office in Reno Nevada. Asher's mission is to
discover and develop high quality North American precious metal
resources with its current focus in Southern British Columbia and the Nevada Great
Basin.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any securities in the United States. The securities have not
been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state
securities laws and may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
SOURCE Asher Resources Corporation